The statement, published on Thursday (April 2), came one day after WMG announced it had entered into a definitive agreement to acquire the independent music platform, which specializes in digital music distribution, rights management, royalty accounting, and real-time analytics. IMPALA acknowledged that the deal reflects well on the independent sector’s capacity for innovation, but argued that it continues a pattern in which independent infrastructure is absorbed by major label groups
Source: IMPALA says WMG’s Revelator acquisition is ‘bad news for artists, fans, and Europe’s diversity’